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Oct 6, 2012 9:30am EDT
and bill clinton wisely took the dividend from that, he was able to then raise taxes that reagan and clinton had lowered, and used that dividend to get us into a surplus situation. so it was a combination of realigning america with the world, getting rid of a trade deficit, having an export-led recovery and then taking the dividend and not spending it so much. mr. clinton was very shrewd that way so kudos to two bright presidents, reagan and clinton. >> dan, i want to bring you in because it's a much different global economy than it was in the '40s and '50s. is this working against a large-scale rebound like we saw after roosevelt? it's a very different world. >> well, look, first of all, the notion that obama didn't cut taxes and all he did was absurd. the stimulus was one-third tax cuts, big payroll tax cuts. plenty of tax cuts. >> very true. >> and for small business tax cuts, too. >> export boom, exports on a monthly basis have risen 50% from their low in march of 2009. the difference is that we have an economy in which rising demand doesn't necessarily translate into more jo
Oct 13, 2012 6:30am PDT
and budget under president clinton and was first director of the congressional budget office. welcome to the program. >> thank you very much. >> now that i've terrified everyone, let's look at the short-term thinking here that led to the fiscal cliff. that in particular, if you think falling off the fiscal cliff can happen, senator allen simpson of simpson-bowles disagrees. >> they believe that no congress could be this stupid, and by god, they can. >> and by god, they can. in your career, have you ever seen congressional malpractice to this degree? >> i've never seen the country this polarized and the parties acting in such partisan and self-serving ways. we've got to get past this election and restore some sense of civility. get to work, both parties this fall, the problems that beset us. the problems aren't insoluble. with all respect to carmen rinehart, who made major contributions, there's nothing magic about some particular point where the economy goes downhill. but we're in danger -- we have endangered ourselves by taking on escalating amounts of debt, which will keep going on
Search Results 0 to 3 of about 4 (some duplicates have been removed)